Forsters has advised developer Peel Logistics Property, together with funding partner Rockspring Property Investment Managers, on the first pre-let at their urban logistics development known as South Central in Nursling, Southampton.

Forsters is advising a fund managed by Aberdeen Standard Investments (ASI) in relation to the redevelopment of an 11-acre site in Chelmsford. Together with development partner, Exton Estates, ASI is developing a 175,000 sq ft retail and industrial park on the former Britvic factory site.

Last week, the Chancellor delivered the Autumn Budget. The new timetable, which has seen the Budget move from the spring to the autumn, means that proposed changes will be legislated before the start of the tax year.

Establishing how many occupants of an injured building enjoy rights to light is not only fundamental to the formulation of a developers’ rights to light risk management/elimination strategies, it is also a major consideration for those pursuing rights to light claims, who may not necessarily wish to share their compensation.

In June 2017 the Government enacted legislation which imposes significant obligations upon trustees to collect, maintain and disclose information about trusts and related individuals, such as the settlor and the beneficiaries.

For the 11th year, Team Forsters will be participating in the annual Centrepoint Sleep Out. We are a team of six partners who are doing this to raise money needed to help young people who have little or nothing and urgently need our help.

Forsters has advised Canmoor and CarVal Investors on the sale of an extensively refurbished 180,000 square foot landmark office building, the Interchange Building in Croydon. It was acquired by CCP 5, the new perpetual core plus fund advised by pan-European real estate investment manager Tristan Capital Partners, from a fund advised by CarVal Investors.

It has been more than two years since the government launched the most far-reaching review of the taxation of non-UK domiciliaries since 2008.

The proposals included reforms to the deemed domicile rules, changes to the inheritance tax treatment of UK residential property-holding structures, and anti-avoidance measures affecting the tax treatment of non-UK trusts.

Forsters LLP has appointed its first group of four legal apprentices, all of whom start work later this month. The new paralegal apprenticeship programme is provided as part of the government Trailblazer scheme for A level students who have a keen interest in developing a career in a legal environment without wishing to attend university.

Forsters has acted on behalf of The Crown Estate in relation to the sale of a long leasehold interest in multi-let retail, restaurant and office building Golden Cross House on the Strand in central London.

The government announced on 13 July that significant changes to the tax treatment of non-UK domiciliaries which were put on hold pending the general election will go ahead in a Finance Bill to be presented to parliament in the autumn.

Private Client partner, Kelly Noel-Smith, will participate in a panel discussing topics of concern to non-domiciliairies such as the current transparency agenda, Brexit and impact of recent tax changes.

Forsters has acted on behalf of Saudi Arabia-based Tamer Group in relation to the acquisition of an office building in Maidenhead, Berkshire for a purchase price of £35.4 million. The transaction was structured as an SPV share sale.

Forsters LLP, one of London’s pre-eminent private client firms, today welcomes Rosie Schumm as a partner in its Family practice.

Rosie specialises in advising high net worth clients on complex divorce and financial matters, including those relating to children. Her work frequently has an international dimension, involving trusts, offshore assets and family businesses.

Forsters has advised UK Real Estate on the letting of the Lighthouse, London to video hosting service VEVO, as its new London office headquarters. VEVO, which is a joint venture between Sony and Universal, has taken 16,500 sq ft of new grade A office space on a 10-year lease.

Forsters has acted on behalf of the Scottish Widows Pooled Property ACS Fund managed by Aberdeen Asset Management ("AAM") on the sale of City of London office building, Regis House, EC4 to a private Middle Eastern investor for a purchase price of £105 million.